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BTC

Bitcoin Range Holds — Watch for Breakout Above $124k or Support at $117.5k

I'm watching Bitcoin after a modest intraday pullback to $118,780.10. The price is trading in a wide range between $117,500 and $124,447.70 with elevated volume, so volatility is still the name of the game.

I remain cautious: the -1.25% move is small and contained within the range, so I want to see a decisive break above the $124k area or a clean retest and hold of $117.5k before committing more capital.

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Analysis

Price is in a consolidation range with high volume, suggesting active participation but no clear directional conviction. The market needs either a breakout above the $124k resistance to resume bullish...

Recommendation

Watch the price action — wait for a clear breakout or a reliable support retest. Consider buying on weakness with defined risk if support holds, or scaling in after a confirmed breakout above $124k.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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